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#703523 - 03/20/07 02:47 PM Third party checks
zippy1 Offline
New Poster
Joined: Oct 2006
Posts: 16
I can't seem to find any specific guidance on holds for third party checks in Reg CC. Can someone point me in the right direction for guidance on these types of checks, if there is any? Thanks.

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Deposits and Payments
#703617 - 03/20/07 04:20 PM Re: Third party checks zippy1
MN Banker Offline
Platinum Poster
Joined: Aug 2006
Posts: 980
Someone correct me if I'm wrong, but if any of the "next-day" checks (other than on us checks) are not deposited into an account of the payee, then they are no longer next day and are subject to the 2/5 day availability depending on whether they are local or non-local (except Treasury and U.S. Postal money orders which would be given 2 days regardless of whether they are local or non-local).

As far as I know that is the only exception for third-party checks.

You can find this in 229.10 and 229.12.

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#703619 - 03/20/07 04:21 PM Re: Third party checks MN Banker
zippy1 Offline
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Joined: Oct 2006
Posts: 16
Thank you.

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